Red Pine Provides 2022 Phase 1 Exploration Program Update
Red Pine Provides 2022 Phase 1
Exploration Program Update
Toronto, Ontario – March 8, 2022 – Red Pine Exploration Inc. (TSX-V: RPX, OTCQB:
RDEXF) (“Red Pine” or the “Company”) is pleased to provide an update on its 2022
Phase 1 drilling campaign which is progressing faster and with greater efficiency than
planned.
• In the first two months of this year, the program has completed over 7,680 meters
of drilling, or approximately 30% of the 25,000 meters planned from period
January to July 2022.
• Drilling has been focused on resource expansion targets in the Surluga North
and South area and has commenced drilling on the Grace-Darwin target, its first
blue sky target within the defined program.
• Visual gold has been identified in 6 of the 12 holes (assays pending) completed
at the Surluga North, South and in 3 holes in the Darwin-Grace targets.
• At present, the Company has 1,203 assays pending at the lab, representing 32
holes which have either not been previously released or have been partially
released. Assays from the Phase 1 program are expected to be received this
month and continue thereafter on a regular basis.
“We remain encouraged with our focused and sustained drilling program below the
existing Surluga and Minto Mine resource, validating our targeted approach (Figure 1
and 2).
In the Darwin -Grace Mine area, our current drilling has considerably expanded the
footprint of the mineralized systems associated with the historic Darwin-Grace Mine. We
have indications that th e former mine is located at the intersection of at least three
different shear zones, and we have observed indicators of gold mineralization in those
three structures, including under the historic Darwin-Grace mine (Figure 3).
We have increased our workforce to expedite processing of core . We have begun
prioritizing our core logging within our key zones of interest, with shipping of samples to
the lab twice a week to expedite the sample positioning into the labs queue.” – Quentin
Yarie, President and CEO of Red Pine Exploration.
Figure 1 - 2021 and 2022 Surluga North Drilling
Figure 2 - 2021 and 2022 Surluga South Drilling
Figure 3 - 2022 Darwin-Grace Drilling
On-site Quality Assurance/Quality Control ("QA/QC") Measures
Drill core samples were transported in security sealed bags for analyses at Actlabs in
Ancaster, Ontario. Individual samples were labelled, placed in plastic sample bags and
sealed. Groups of samples were then placed into durable rice bags and th en shipped.
The residual coarse reject portions of the samples remain in storage if further work or
verification is needed.
Red Pine has implemented a quality -control program to comply with best practices in
the sampling and analysis of drill core. As part of its QA/QC program, Red Pine inserts
external gold standards (low to high grade) and blanks every 20 samples in addition to
random standards, blanks, and duplicates.
Qualified Person
Quentin Yarie, P.Geo. and Chief Executive Officer of Red Pine an d the Qualified
Person, as defined by National Instrument 43 -101, has reviewed, and approved the
news release’s technical information.
COVID-19 Precautions
Red Pine has developed and implemented compliant precautions and procedures
according to guidelines for the Province of Ontario. Protocols were put in place to ensure
our employees’ and contractors’ safety, thereby reducing the potential for community
contact and spreading of the virus.
About Red Pine Exploration Inc.
Red Pine Exploration Inc. is a gold exploration company headquartered in Toronto,
Ontario, Canada. The Company's common shares trade on the TSX Venture Exchange
under the symbol "RPX" and on the OTCQB Markets under the symbol “RDEXF”.
The Wawa Gold Project is in the Michipicoten Greenstone Belt of Ontario, a region that
has seen major investment by several producers in the last five years. Its land package
hosts numerous historic gold mines and is over 6,900 hectares in size. The Company’s
Chairman of the Board is Paul Martin, the former CEO of Detour Gold. The Board has
extensive and diverse experience at such entities as Alamos, Barrick, Generation
Mining, Detour Gold and Paramount Gold Nevada Corp. Led by Quentin Yarie, CEO,
who has over 25 years of experience in mineral exploration, Red Pine is strengthening
its position as a major mineral exploration and development player in the Michipicoten
region.
For more information about the Company, visit www.redpineexp.com
Or contact:
Quentin Yarie, President and CEO, (416) 364-7024, [email protected]
Or
Tara Asfour, Investor Relations Manager, (514) 833-1957, [email protected]
(1) National Instrument 43 -101 Technical Report for the Wawa Gold Project, Brian
Thomas P.Geo. Golder Associates Ltd, report effective August 18, 2021.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This News Release contains forward -looking statements. In some cases, you can
identify forward-looking statements by terminology such as "may", "should", "expects",
"plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the
negative of these terms or other comparable terminology. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors that
may cause our or our industry's actual results, levels of activity, performance or
achievements to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by these forward -looking
statements.
Although the Company believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information, which only applies as of the date of this news
release. The Company disclaims any intention or obligation to update or revise any
forward-looking information, whether as a result of new information, future events or
otherwise, other than as required by law.